Federal agencies
US Department of Treasury
US Treasury welcomes Financial Action Task Force censorship of Russia
June 17, 2022
The Financial Action Task Force (FATF) concluded the last plenary session under the German Presidency and made policy recommendations to strengthen efforts to fight corruption and the misuse of virtual assets. The FATF again condemned the Russian war against Ukraine and took steps to restrict Russia’s FATF membership privileges.
Federal Reserve Board
Monetary Policy Report
June 17, 2022
The Federal Reserve Board has released the June 2022 Monetary Policy Report.
Speech: President Powell’s Welcome Remarks on the “International Roles of the U.S. Dollar”
June 17, 2022
Chairman of the Board of the Federal Reserve, Jerome Powell, delivered a welcome speech at the “International Roles of the US Dollar,” a research conference sponsored by the Federal Reserve Board, in Washington, DC.
Document: The digital economy and productivity
June 17, 2022
The Federal Reserve Board published an article titled “The Digital Economy and Productivity”.
Federal Reserve Bank of New York
New York Fed to launch regular release of new measure of how corporate bond market is working
June 17, 2022
The Federal Reserve Bank of New York has announced that it will begin monthly release of a new research product focused on identifying periods of widespread distress in the US corporate bond market. The first release is scheduled for Wednesday, June 29 at 10:00 a.m. EDT.
The U.S. Economy in Brief – June 2022
June 17, 2022
The Federal Reserve Bank of New York released the June 2022 US economy in a snapshot showing that core inflation remained high, the unemployment rate was unchanged and the savings rate fell.
Core Inflation Gauge (UIG) – June 2022
June 17, 2022
Staff at the Federal Reserve Bank of New York have released June 2022 Core Inflation Gauge (UIG) measurements.
New York Fed DSGE Model Forecast — June 2022
June 17, 2022
The Federal Reserve Bank of New York has released the Dynamic Stochastic General Equilibrium (DSGE) model forecast for June 2022.
International
bank of england
Survey: Market Player Survey Results – June 2022
June 17, 2022
The Bank of England has released the results of the Market Participants Survey for June 2022.
Working Paper: Types of start-ups and macroeconomic performance in Europe
June 17, 2022
The Bank of England has published a staff working paper titled “Types of start-ups and macroeconomic performance in Europe”.
UK Financial Conduct Authority
The FCA’s work on market abuse and manipulation
June 17, 2022
The Financial Conduct Authority has published an update of its work on market abuse and manipulation.
Administrative changes
Vacant jobs
Federal Reserve Board
- Vice President for Oversight – Michael S. Barr appointed April 15, 2022 (nomination hearing held May 19, 2022; committee approval June 8, 2022; full Senate vote pending.)
Federal Deposit Insurance Corporation
- President – Vacant (Martin Gruenberg is acting president)
- Vice President – Vacant
Office of the Comptroller of the Currency
- Controller – Vacant (Michael Hsu is Acting Controller)
Appointments/Confirmation Hearings
U.S. Treasury Department – Janet Yellen (effective January 26, 2021)
Federal Reserve Board – Jerome H. Powell (effective May 23, 2022)
- Vice-President Lael Brainard (sworn in May 23, 2022)
- Governor Phillip N Jefferson (sworn in May 23, 2022)
- Governor Lisa D. Cook (sworn in May 23, 2022)
- Statement by Federal Reserve Board Chairman Jerome H. Powell on his nomination by President Biden (November 22, 2021)
- Statement by Governor Lael Brainard on her nomination by President Biden (November 22, 2021) (sworn in May 23, 2022)
- Statement by Treasury Secretary Janet L. Yellen on Federal Reserve Appointments (November 22, 2021)
- Statement from Secretary Walsh on Federal Reserve Appointments (November 22, 2021)
- Brown’s Statement on Jerome Powell’s Renomination as Fed Chair (November 22, 2021)
- Toomey’s Statement on Jerome Powell’s Renomination as Fed Chair (November 22, 2021)
- Brown applauds Biden’s nomination of Governor Lael Brainard as vice president (November 22, 2021)
- Brown Applauds Biden Nominees to Fed Board (January 14, 2022)
- Toomey’s Statement on President Biden’s Fed Nominees (January 14, 2022)
- Waters applauds appointments of Sarah Bloom Raskin, Lisa Cook and Philip Jefferson to Federal Reserve leadership positions (January 14, 2022)
- Statement by Treasury Secretary Janet L. Yellen on Federal Reserve Appointments (January 14, 2022)
- Statement from the Chairman of the Senate Banking Committee Brown regarding the nomination of Dr. Lisa Cook (March 29, 2022)
- Statement by Ranking Member of the Senate Banking Committee Toomey Regarding the Nomination of Dr. Lisa Cook (March 29, 2022)
- Statement by Senate Banking Committee Chairman Brown on Nomination of Michael Barr as Federal Reserve Vice Chairman for Oversight (April 15, 2022)
- Statement by Senate Banking Committee Ranking Member Toomey on Nomination of Michael Barr as Federal Reserve Vice Chairman for Oversight (April 15, 2022)
- Statement from the Chair of the Senate Banking Committee Regarding the Senate Confirmation of Dr. Lisa Cook (May 10, 2022)
- Statement by a Ranking Member of the Senate Banking Committee Regarding the Senate Confirmation of Dr. Lisa Cook (May 10, 2022)
- Jerome H. Powell sworn in for a second term as Chairman of the Board of Governors of the Federal Reserve System (May 23, 2022)
- Lael Brainard is sworn in as Vice Chair of the Board of Governors of the Federal Reserve System (May 23, 2022)
- Lisa D. Cook sworn in as a member of the Board of Governors of the Federal Reserve System (May 23, 2022)
- Philip N. Jefferson sworn in as a member of the Board of Governors of the Federal Reserve System (May 23, 2022)
Federal Reserve Bank of New York – John C. Williams (effective June 18, 2018)
Federal Deposit Insurance Corporation – Martin Gruenberg (Acting Chair, appointed February 5, 2022)
Consumer Financial Protection Bureau – Rohit Chopra (effective October 12, 2021)
Security and Exchange Commission – Gary Gensler (effective April 17, 2021)
Small Business Administration – Isabella Casillas Guzman (effective March 16, 2021)
Commodity Futures Trading Commission – Rostin Behnam (effective December 17, 2021)
- Kristin Johnson, Commodity Futures Trading Commission Commissioner Candidate (September 13, 2021)
- Christy Goldsmith Romero, Commodity Futures Trading Commission Commissioner Candidate (September 13, 2021)
- US Senate unanimously confirms Behnam as president (December 17, 2021)
- CFTC Chairman Rostin Behnam announces senior staff appointments (January 20, 2022)
- CFTC Chairman Rostin Behnam Appoints Initial CFTC Leadership (January 25, 2022)
- Statement by CFTC Chairman Rostin Behnam on the US Senate Confirmations of Christy Goldsmith Romero, Kristin N. Johnson, Summer Kristine Mersinger, and Caroline D. Pham (March 29, 2022)
- CFTC Commissioner Pham Announces First Staff Appointments (April 22, 2022)
- CFTC Commissioner Goldsmith Romero Announces Staff Appointments (April 27, 2022)
- CFTC Commissioner Pham Announces Additional Appointments (May 13, 2022)
- CFTC Commissioner Mersinger Announces Staff Appointments (May 16, 2022)
Financial Crimes Network
National Administration of Credit Unions – Todd M. Harper
U.S. Department of Housing and Urban Development – Marcia Fudge (effective March 10, 2021)
Federal Housing Finance Agency – Sandra L. Thompson, (confirmed May 25, 2022)
US Department of Education – Dr. Miguel Cardona (effective March 2, 2021)
PH Customer Alerts
Click here to learn more about our Coronavirus series.
Legislation/legislative updates
Click here to view the full text of the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”), Adopted March 27, 2020.
Click here to view the full text of the Expanding Paycheck Protection Program Act of 2020, Adopted April 24, 2020.
Click here to view the full text of the Paycheck Protection Program Flexibility Act of 2020, Adopted on June 5, 2020.
Click here to view the full text of the Consolidated Credit Law, 2021, Adopted on December 27, 2020.
Click here to view the full text of the 2021 US bailout plan, Adopted March 11, 2021.
Click here to view the full text of the PPP Extension Act 2021, Adopted March 30, 2021.
Click here to see a current list of bills the Senate Committee on Banking, Housing and Urban Affairs, the Senate Committee on Small Business and Entrepreneurship, the House Committee on Financial Services and the House Committee on Small Business.
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